Green Innovations

Developing renewable and clean technology companies in New York

Thursday, May 5, 2011

NYSERDA invests $20 million for 19 combined heat and power projects

The New York State Energy Research and Development Authority (NYSERDA) has announced that they will invest $20 million in 19 combined heat and power generation projects throughout the state. Combined heat and power, also known as co-generation, is a method of combusting fuel on-site for energy generation while utilizing excess exhaust for heating. The $20 million will provide customers with up to 50% (or $2 million) of the total costs involved with buying/installing combined heat and power and is expected to leverage $68 million in private investments.

The SUNY College of Environmental Science and Forestry in Syracuse is among the 19 recipients and has received $963,000 for a 275 kW biomass turbine as well as a 195 kW gas-fired engine.

Winner of the North American Sustainable Enterprise Award

Green Innovation Starts Here

About the Clean Tech Center

The Clean Tech Center is a NYSERDA-funded clean energy incubator that accelerates the development of world-class companies in sectors such as renewable energy, alternative fuels, system integration and the smart grid, advanced battery and energy storage technologies, and smart green building technologies.

The Clean Tech Center provides technical assistance to entrepreneurs and early stage companies through a focused approach that includes business plan and strategy development, proof of concept, tech commercialization, and go-to-market funding strategies.

Sponsors

The Clean Tech Center, located at The Tech Garden, is supported by the New York State Energy Research and Development Authority (NYSERDA).